August 2026: Homebuyers Benefit from More Affordable Prices

Housing activity slowed in August due to rising mortgage rates hitting a 2026 high and seasonal factors. Median list prices fell for the 10th consecutive month but at a slower rate (-1.3% YoY). Price cuts matched last year's levels for the first time in 2026, and pending sales declined slightly (-0.2% YoY), ending eight months of growth. Inventory rose regionally, while delistings dropped 12.6% YoY, indicating less market frustration.